Living Proof Signs 14,085 Square Foot Lease At 12 Farnsworth Street In Boston’s Seaport District
12 Farnsworth Street
Building Size
14,085 SF
Asset Type
Life Sciences
Closing
Jun 24, 2026
AI
The property asset involved in this transaction is located at 12 Farnsworth Street in Boston, MA, within the Seaport District. The asset is classified as Life Sciences with a square footage of 14,085. The lease was signed by Living Proof, a hair care products company, and they will occupy the entire fifth floor of the building.
Summary of transation details:
- Property Type: Life Sciences
- Transaction Amount: Not specified
- Landlord: Phase 3 Real Estate Partners
- Tenant: Living Proof
- Brokers: Tim Lahey, Eric Smith & Lauren Drakeley - CBRE
This deal was executed by Tim Lahey, Eric Smith, and Lauren Drakeley, representing the interests of both parties through CBRE. Living Proof is relocating from the Innovation & Design Building to their new space at this address.
Players
Market Life Sciences Market Snapshot
Boundary boundary · Life Sciences · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93